Getech Group (LON: GTC), a subsurface data and software provider to the energy and minerals sectors, reported interim results today showing revenue growth and improved cost discipline turning into profitable growth.
Revenue for the six months to 30 June rose 15% to £2.4m from £2.1m a year earlier, while Adjusted EBITDA, a measure of underlying operating profitability, swung to a £0.2m profit from a £0.1m loss in H1 2025.
The shares traded up 13.8% at roughly 370p by mid-morning in London, having closed at 325p on Friday, with the session ranging between 320.6p and 370p. That leaves the stock well above its 52-week low of 166.6p and above its previous 52-week high of 350p, marking a new high. The move follows Xcalibur Multiphysics Group’s build-up of a 25.5% stake in Getech in July, which the board says it is engaging with constructively.
The improved profitability came with a marked turn in cash generation: net cash from operating activities was £0.9m, against a £0.3m outflow in H1 2025, leaving Getech with £0.6m in cash at 30 June, up from £0.2m at the end of 2025. The operating loss narrowed to £0.2m from £0.9m, with a mostly fixed cost base meaning the extra revenue converts more directly into profit.
Since the period ended, Getech has signed a three-year, $660,000 deal for its Globe software with a European oil and gas supermajor, one of the industry’s largest producers. It also joined a Trinomics-led consortium awarded a European Commission contract worth more than €1m to Getech, covering an assessment of Europe’s natural hydrogen potential. Together with a £520k Globe renewal in March, these wins pushed the order book to £4.7m at the end of August, up from £3.8m at the end of 2025, and annual recurring revenue to £3.0m.
Chairman Michael Covington said the board believes the group is well placed to meet current market expectations for the full year.
The first half of 2026 has been an important step forward for Getech. We delivered profitable EBITDA, improved cash generation and strengthened our recurring revenue base, whilst continuing to invest in the proprietary data and technologies that differentiate the Company. Our largely fixed cost base provides the potential for meaningful operational leverage as revenues expand.
Michael Covington, Getech Group